RBI removes Paytm Payments Bank from list of scheduled banks

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 07 Oct, 12:40 UTC

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying affairs of the bank were conducted in a manner detrimental to the interest of its depositors.

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Sources

• T1RBI removes Paytm Payments Bank from list of scheduled banksEconomic Times — Tech / Technology / Startups / ETTelecom07 Oct, 12:40